question archive PART 1: Lauder company had fixed costs of $282,500, variable costs of $645,000, and actual sales amounted to $1,100,000
Subject:AccountingPrice: Bought3
PART 1: Lauder company had fixed costs of $282,500, variable costs of $645,000, and actual sales amounted to $1,100,000. If company has a breakeven point at $750,000 in sales revenue.
a. determine the margin of safety expressed in dollars
b. determine the margin of safety expressed as a percentage of sales. Enter percentage amount as a whole number.
____%
c. Determine contribution margin ratio
_____%
d. Determine the operating income
$______
PART 2:
The following data relate to direct labor costs for the current period:
Standard costs 
36,000 hours at $23.50 
Actual costs 
35,000 hours at $23.00 
What is the direct labor time variance?







PART 3:
Standard and actual costs for direct materials for the manufacture of 1,000 units of product were as follows:
Actual costs 
1,450 lbs. @ $8.10 
Standard costs 
1,500 lbs. @ $8.00 
Determine the (a) quantity variance, (b) price variance, and (c) total direct materials cost variance.
a. Quantity variance 
$ 
b. Price variance 
$ 
c. Total direct materials cost variance 
$ 